Nest Apartments SOLD for $9.6 Million

In July 2017, Principals of SHIR Capital announced the sale of Nest apartments in North Central San Antonio, Texas for $9.6 million, yielding a 31% IRR to our investors. Principals of SHIR acquired this 147-unit apartment complex in the winter of 2014 for $4 million. After purchase, extensive exterior and interior renovation of the entire complex was performed and included:

  • Roof replacement
  • New landscaping and irrigation
  • New HVAC systems in all units
  • New Paint
  • Resurfaced cabinets and countertops
  • Upgrades to fixtures, appliances, and bathroom plumbing
  • LED Lighting and other safety improvements for residents
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